Take calculated risks for longterm gains from "summary" of Summary - Rich Dad Poor Dad by David De Angelis
When it comes to achieving financial success, one of the key principles to keep in mind is the idea of taking calculated risks in order to reap long-term rewards. This means being willing to step outside of your comfort zone and make strategic decisions that may involve some level of uncertainty or potential downside. By taking calculated risks, you are essentially looking for opportunities that have the potential to yield significant benefits in the future. This could involve investing in a new business venture, pursuing a higher education or skill development, or making strategic financial investments. However, it's important to note that taking calculated risks does not mean being reckless or impulsive. Instead, it requires careful consideration and analysis of the potential risks and rewards involved in a particular decision. This might involve conducting thorough research, seeking advice from experts, or weighing the potential outcomes before making a move. One of the key reasons why taking calculated risks is crucial for long-term gains...
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